INDIA: EEC Raises Textile Export Quota
The EU has raised India's textile export quota by 3,500 tonnes, a decision that could increase India's textile exports by $67m (about 1.3 per cent of India's apparel exports). The ruling is to be coordinated under "exceptional flexibility" terms. This means that aggregate quantities remain intact, while only the product mix can be altered. However, in the rapidly shifting world of fashion and foreign trade, this will benefit India's export fortunes. The rise in the EEC's quota will allow Indian apparel exporters to export an estimated five million t-shirts, a million jerseys, two million trousers/shorts, 3.3 million ladies dresses and large quantities of textile yarn and fabric. Current apparel exports from India stand at $5.3bn, 15 per cent of India's total exports (not including services and invisibles). Of this, 76 per cent goes to EEC countries, USA and Canada. Exports to the EEC, USA and Canada fall under the ATC agreement, the successor of the Multi Fibre Agreement (MFA). Under the ATC, each country is allotted a quota for each item. Within these predetermined figures, competitive forces determine all marketing parameters such as price, product and source. Under WTO agreements, ATC will cease on January 1 2005, and, from this date, market forces alone will determine the success or failure of individual exporters.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- Digitalisation and data to disrupt supply chains
- 3D CAD comes of age
- EU eyes mandatory due diligence for apparel supply
- Unlocks for the future fashion sourcing landscape
- What TTIP might mean for US, EU textiles & apparel
- Li & Fung forms supply chain partnership with PVH
- Big data to help US firms improve clothing fit
- Levi Strauss and ILO probe Cambodia factory death
- US Q4 in brief – G-III Apparel, Finish Line
- Labour rights risk Bangladesh EU trade benefits?
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Outdoor performance apparel 2016: A broader perspective
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack